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STOCK-BASED AWARDS (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of stock option activity, excluding performance-based stock options (“PSOs”), for the six months ended June 30, 2026 was as follows:

			Outstanding Options
			Number of Options						Weighted Average Exercise Price						Weighted-Average Remaining Contractual Term						Intrinsic Value (in thousands)
Balance as of December 31, 2025			2,030,874						$	19.09					3.98						$	2,918
Options exercised			(311,391)						8.91
Options canceled/forfeited			(101,933)						45.03
Balance as of June 30, 2026			1,617,550						$	19.41					3.43						$	11
Options vested and exercisable as of June 30, 2026			1,556,611						$	17.71					3.39						$	11

Schedule of Restricted Stock Units Activity

A summary of RSUs activity for the six months ended June 30, 2026 was as follows:

			Restricted Stock Units
			Time-Based Shares						Performance-Based Shares						Total Shares						Weighted-Average Grant-Date Fair Value
Balance as of December 31, 2025			17,337,857						2,645,726						19,983,583						$	27.86
Granted			5,114,901						43,504						5,158,405						$	7.30
Vested			(4,100,489)						(569,025)						(4,669,514)						$	30.17
Canceled/Forfeited			(3,128,662)						(905,877)						(4,034,539)						$	24.87
Balance as of June 30, 2026			15,223,607						1,214,328						16,437,935						$	21.49

Schedule of Stock-Based Compensation Expense

Total employee and nonemployee stock-based compensation expense for the three and six months ended June 30, 2026 and 2025, was classified in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Cost of revenue			$	603					$	582					$	1,624					$	1,704
Research and development			25,584						34,195						63,269						69,016
Selling, general and administrative			15,761						21,542						39,444						13,114
Workforce reduction charges			4,661						—						3,302						—
Total			$	46,609					$	56,319					$	107,639					$	83,834

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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